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Australian (ASX) Gold Industry Analysis
UpdatedMar 10, 2026
DataAggregated Company Financials
Companies151
- 7D-17.9%
- 3M11.8%
- 1Y81.7%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 18%, driven by a pullback from Northern Star Resources of 15%. In contrast, Emmerson Resources has gained 17%. In the past year, the industry has gained 82%. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 11 Mar 2026 | AU$165.6b | AU$31.1b | AU$6.3b | 23.4x | 26.5x | 5.3x |
| Fri, 06 Feb 2026 | AU$172.9b | AU$26.3b | AU$4.6b | 29.1x | 38x | 6.6x |
| Sun, 04 Jan 2026 | AU$162.7b | AU$26.4b | AU$4.6b | 26.1x | 35.6x | 6.2x |
| Tue, 02 Dec 2025 | AU$153.3b | AU$26.5b | AU$4.6b | 25.2x | 33.5x | 5.8x |
| Thu, 30 Oct 2025 | AU$136.0b | AU$26.4b | AU$4.6b | 23.6x | 29.7x | 5.2x |
| Sat, 27 Sep 2025 | AU$137.4b | AU$27.0b | AU$4.9b | 19.8x | 28.1x | 5.1x |
| Mon, 25 Aug 2025 | AU$106.6b | AU$24.8b | AU$4.4b | 16.8x | 24.2x | 4.3x |
| Wed, 23 Jul 2025 | AU$101.0b | AU$22.2b | AU$3.1b | 17.8x | 32.6x | 4.6x |
| Fri, 20 Jun 2025 | AU$102.1b | AU$22.3b | AU$3.1b | 18.9x | 33x | 4.6x |
| Sun, 18 May 2025 | AU$95.3b | AU$22.4b | AU$3.1b | 20.2x | 30.7x | 4.3x |
| Tue, 15 Apr 2025 | AU$95.0b | AU$22.2b | AU$3.0b | 19.2x | 31.2x | 4.3x |
| Thu, 13 Mar 2025 | AU$76.6b | AU$22.1b | AU$3.0b | 18x | 25.6x | 3.5x |
| Sat, 08 Feb 2025 | AU$82.1b | AU$18.6b | AU$1.8b | 20.3x | 45x | 4.4x |
| Mon, 06 Jan 2025 | AU$71.2b | AU$18.7b | AU$1.8b | 22x | 39x | 3.8x |
| Wed, 04 Dec 2024 | AU$71.8b | AU$18.6b | AU$1.8b | 21x | 39.8x | 3.9x |
| Fri, 01 Nov 2024 | AU$78.7b | AU$18.4b | AU$1.8b | 23.6x | 43.7x | 4.3x |
| Sun, 29 Sep 2024 | AU$70.2b | AU$18.3b | AU$1.8b | 22.1x | 38x | 3.8x |
| Tue, 27 Aug 2024 | AU$65.1b | AU$17.5b | AU$1.4b | 20.5x | 47.6x | 3.7x |
| Thu, 25 Jul 2024 | AU$62.3b | AU$16.1b | AU$1.1b | 23.5x | 57.5x | 3.9x |
| Sat, 22 Jun 2024 | AU$57.6b | AU$16.1b | AU$1.1b | 20.3x | 53.1x | 3.6x |
| Mon, 20 May 2024 | AU$59.7b | AU$17.1b | AU$1.2b | 22.5x | 50.5x | 3.5x |
| Wed, 17 Apr 2024 | AU$59.5b | AU$17.2b | AU$1.2b | 22x | 49.3x | 3.5x |
| Fri, 15 Mar 2024 | AU$53.3b | AU$16.8b | AU$1.3b | 20.7x | 41.8x | 3.2x |
| Sun, 11 Feb 2024 | AU$48.8b | AU$15.3b | AU$279.1m | 22.8x | 175x | 3.2x |
| Tue, 09 Jan 2024 | AU$73.8b | AU$22.9b | AU$1.3b | 23.1x | 54.8x | 3.2x |
| Thu, 07 Dec 2023 | AU$74.6b | AU$22.9b | AU$1.3b | 23.3x | 55.3x | 3.3x |
| Sat, 04 Nov 2023 | AU$69.6b | AU$22.9b | AU$1.4b | 22.1x | 51.5x | 3x |
| Mon, 02 Oct 2023 | AU$66.1b | AU$23.0b | AU$1.3b | 22x | 49.1x | 2.9x |
| Wed, 30 Aug 2023 | AU$69.5b | AU$22.6b | AU$1.2b | 19x | 59.8x | 3.1x |
| Fri, 28 Jul 2023 | AU$71.6b | AU$22.2b | AU$526.4m | 17.7x | 136.1x | 3.2x |
| Sun, 25 Jun 2023 | AU$67.2b | AU$22.3b | AU$553.8m | 16.7x | 121.4x | 3x |
| Tue, 23 May 2023 | AU$72.2b | AU$22.3b | AU$583.6m | 18.7x | 123.8x | 3.2x |
| Thu, 20 Apr 2023 | AU$77.3b | AU$22.3b | AU$576.9m | 18.5x | 134x | 3.5x |
| Sat, 18 Mar 2023 | AU$62.9b | AU$22.4b | AU$628.8m | 14.6x | 100x | 2.8x |
Price to Earnings Ratio
100x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 26.5x which is lower than its 3-year average PE of 60.6x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 110% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -6.36% | |
| Materials | -14.32% | |
| Metals and Mining | -14.48% | |
| Gold | -17.95% | |
| Aluminum | -6.42% | |
| Steel | -7.60% | |
| Precious Metals and Minerals | -13.46% | |
| Diversified Metals and Mining | -14.14% | |
| Silver | -19.46% | |
| Copper | -22.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERM Emmerson Resources | AU$0.42 | 16.7% +AU$39.2m | 281.8% | PS1127.4x | |
| TAM Tanami Gold | AU$0.13 | 25.0% +AU$29.4m | 346.4% | PB3.5x | |
| HRN Horizon Gold | AU$1.44 | 10.8% +AU$23.8m | 251.2% | PB7.3x | |
| TOR Torque Metals | AU$0.37 | 12.1% +AU$23.9m | 297.8% | PS1151.6x | |
| TTM Titan Minerals | AU$1.00 | 7.5% +AU$20.1m | 153.2% | PB3.4x |
